Reliance Power's 21.82 Crore Outstanding Warrants Lapse Due to Non-Conversion
Reliance Power Limited announced that 21.82 crore outstanding warrants issued by the company have lapsed. The lapse includes the amount paid on these warrants.The lapse occurred because the warrants were not converted within the prescribed period of 18 months. This operational update reflects the retirement of the outstanding securities, making the amount paid upon them null and void.
The company confirmed this action following its previous communication regarding the matter, detailing the non-conversion of the warranted shares.
RPOWER Stock Price Movement
On Tuesday, Reliance Power Limited shares edged higher to close at ₹29.55, gaining 0.61% for the day. The stock found support within its trading range of ₹29.34 to ₹30.17, with a robust total traded volume of 50.37 million shares recorded.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.